METALS- Copper prices in London fell on Thursday and were on track for their first monthly decline since May on tepid consumption amid slowing economic growth in top consumer China.
China’s manufacturing activity contracted for a fifth straight month in August, an official survey showed, extending a streak of weak macroeconomic data that have weighed on metals prices.
A stronger dollar this month also made greenback-priced metals more expensive to holders of other currencie
However, the Chinese data maintained pressure on officials to provide support to shore up economic growth amid soft demand both at home and abroad, which would benefit metals demand.
|Core PCE Price Index m/m||6.00PM||0.20%||0.20%|
|Personal Income m/m||6.OOPM||0.30%||0.30%|
|Personal Spending m/m||6.OO0M||0.70%||0.50%|
|Natural Gas Storage||8.00PM||20B||18B|
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